Latest Hanover Headlines
All the headlines from our Hanover Topic Page, ordered by recency.
Business Moves
Aug 2 2010 // RSI International, Insurance Network Texas-based RSI International Inc. has acquired Insurance Network Corp. (INC), a managing general agency based in Dallas, Texas. Established in 1996, Insurance Network Corp. specializes...
Hanover Expands Western Surety Business With ICW Group Agreement
Aug 2 2010 // Worcester, Mass.-based The Hanover Insurance Group Inc. has closed on an agreement with ICW Group that is designed to enhance The Hanover’s surety capabilities in the West, including Arizona, California, Colorado,...
Lee Named Branch VP for The Hanover in New Hampshire and Vermont
Jul 27 2010 // The Hanover has appointed Michael H. Lee as branch vice president for Commercial Lines for the company’s New Hampshire and Vermont markets. In this new role, Lee will lead the company’s efforts to strengthen...
Hanover Estimates $85 Million Catastrophe Loss for Q2
Jul 14 2010 // Worcester, Mass.-based The Hanover estimated its pre-tax losses resulting from catastrophe events in the second quarter of 2010 to be approximately $85 million. The majority of the losses were associated with six...
The Hanover Expands Western Surety Business With ICW Group Agreement
Jul 14 2010 // Worcester, Mass.-based The Hanover Insurance Group Inc. has closed on an agreement with ICW Group that is designed to enhance The Hanover’s surety capabilities in the West, including Arizona, California, Colorado,...
The Hanover Offers Auto Discount for Crash-Prevention Training
Jun 9 2010 // The Hanover says it will offer Massachusetts drivers a discount on a special course in crash prevention skills and safe-driver techniques. The program, run by In Control Crash Prevention Training, is the only one of its...
The Hanover Partners With Identity Theft 911
May 18 2010 // The Hanover Insurance Group, Inc. has partnered with Identity Theft 911, an identity theft management and data-breach response service. The arrangement will enable The Hanover’s agents to provide their mid-size...
The Hanover Sees Profit Jump
May 7 2010 // A renewal rights agreement and its growing specialty lines business helped The Hanover see a 62 percent, first quarter jump in profits to $41.8 million, up from $25.8 million in the year-ago period. “It was a...
Hanover Specialty Industrial Expands to New High-Hazard Classes
Apr 9 2010 // The Hanover Insurance Group Inc. has unveiled expanded offerings for industrial businesses through Hanover Specialty Industrial, which includes Hanover Specialty Industrial Property (HSIP) and Hanover Specialty Insurance...
The Hanover Completes Campania Group Aquisition
Apr 8 2010 // Massachusetts-based insurer The Hanover has completed its acquisition of the Campania Group, which specializes in insurance coverage for the healthcare industry. Campania Group, based in Virginia provides professional and...
The Hanover Expands Management Liability in West; Partners with Law Firm
Mar 31 2010 // The Hanover Insurance Group Inc. is expanding the services it provides within its management liability practice. The new services include a partnership with Jackson Lewis, an employment practices and labor relations firm,...
Rizzo Named Finance Chief at The Hanover
Mar 26 2010 // Massachusetts-based insurer The Hanover has named Ellen M. Rizzo as chief financial officer of its property and casualty business. In this role, she will have financial oversight of The Hanover’s personal lines,...
Ratings: Western, Hanover (debt), Public Service/Magna Carta, First Hawaii
Mar 2 2010 // A.M. Best Co. has downgraded the financial strength ratings to ‘B++’ (Good) from ‘A-‘ (Excellent) and issuer credit ratings to “bbb” from “a-” of Western Insurance Company...
Hanover to Exit Louisiana Homeowners Market, Then Re-Enter
Feb 22 2010 // In a move he says will prevent the addition of policies into Louisiana Citizens Property Insurance Corporation’s book of business, Louisiana Insurance Commissioner Jim Donelon has approved an agreement with The...
Hanover Wants to Shift Some Louisiana Policyholders
Feb 5 2010 // The Hanover Insurance Group has asked state insurance regulators for permission to shut down two of the three property insurance companies it operates in Louisiana and shift about half of the affected 15,500 policyholders...
The Hanover Sees Earnings Jump
Feb 4 2010 // Massachusetts-based insurer The Hanover Insurance Group Inc. saw fourth-quarter profits jump 68 percent to $57.3 million, up from $34.1 million in the year-ago quarter. For the year, net income was $197.2 million, up from...
Ratings Recap: Assurant, PacWest, New Mexico Casualty, Campmed
Jan 22 2010 // Standard & Poor’s Ratings Services announced that its ratings on “U.S.-based Assurant Inc. (BBB/Negative/A-2) and related entities are not affected by the settlement of an SEC investigation regarding...
Business Risk Exclusion Means No Coverage for Toppled Conn. House
Jan 21 2010 // The Hanover won’t have to pay $26,000 in claims on behalf of a Connecticut contractor who accidentally knocked over the house he was working on, a Connecticut Superior Court has ruled. The decision comes from a...
The Hanover Acquires The Campania Group
Jan 19 2010 // Worcester, Massachusetts-based insurer The Hanover Insurance Group Inc. will acquire The Campania Group, a medical and general liability insurer for the health care industry. Terms of the deal were not disclosed. The...
The Hanover Insurance: Focused on Niches, Says More Acquisitions Likely
Jan 14 2010 // The Hanover Insurance Group Inc.’s CEO Frederick H. Eppinger expects the western United States to be a key growth driver for the super-regional insurer in the next several years. Having just entered into a renewal...
